Question

Balance Sheet
Assets
Fiscal year is January-December. All values USD millions.	2017
Cash & Short Term Investments	18.3B
Total Accounts Receivable	13.49B
Inventories	8.77B
Other Current Assets	2.54B
Total Current Assets	43.09B
	2017
Net Property, Plant & Equipment	17.01B
Total Investments and Advances	751M
Long-Term Note Receivable	-
Intangible Assets	85.13B
Other Assets	4.22B
Total Assets	157.3B
Liabilities & Shareholders' Equity
	2017
ST Debt & Current Portion LT Debt	3.91B
Accounts Payable	7.31B
Income Tax Payable	1.85B
Other Current Liabilities	17.47B
Total Current Liabilities	30.54B
Long-Term Debt	30.68B
Provision for Risks & Charges	10.07B
Deferred Taxes	1.26B
Other Liabilities	17.49B
Total Liabilities	97.14B
Non-Equity Reserves	-
Preferred Stock (Carrying Value)	-
Common Equity (Total)	60.16B
Total Shareholders' Equity	60.16B
Accumulated Minority Interest	-
Total Equity	60.16B
Liabilities & Shareholders' Equity	157.3B

Income Statement
Sales/Revenue	76.48B
Cost of Goods Sold (COGS) incl. D&A	25.11B
Gross Income	51.37B
	2017
Selling General & Admin Expense	31.81B
Other Operating Expense	-
Unusual Expense	3.39B
EBIT after Unusual Expense	16.18B
Non Operating Income/Expense	2.13B
Non-Operating Interest Income	385M
Equity in Affiliates (Pretax)	-
Interest Expense	1.02B
Pretax Income	17.67B
Income Tax	16.37B
Equity in Affiliates	-
Other After Tax Income (Expense)	-
Consolidated Net Income	1.3B
Minority Interest Expense	-
Net Income	1.3B
Extraordinaries & Discontinued Operations	-
Extra Items & Gain/Loss Sale Of Assets	-
Cumulative Effect - Accounting Chg	-
Discontinued Operations	-
Net Income After Extraordinaries	1.3B
Preferred Dividends	-
Net Income Available to Common	1.3B
EPS (Basic)	0.48
Basic Shares Outstanding	2.69B
EPS (Diluted)	0.47
Diluted Shares Outstanding	2.75B
EBITDA	25.21B

Based on the income statement and balance sheet above, answer the following (show work and formulas please)

1. Current Ratio = CA/CL =

2. Inventory Turnover

3. Total asset utilization (turnover)

4. Debt Ratio = Total debt (Liabilities)/ Total Assets

5. Debt to Equity ratio

6.  Basic earning power

7. ROE

Answer 1